Question
Calculate the amount to be paid back after three years on a $3,000 credit card loan with an interest rate of 15% compounded yearly. (1 point)
Responses
$4,562.63
$4,562.63
$3,138.08
$3,138.08
$4,271.48
$4,271.48
$267,572.61
$267,572.61
Responses
$4,562.63
$4,562.63
$3,138.08
$3,138.08
$4,271.48
$4,271.48
$267,572.61
$267,572.61
Answers
Answered by
GPT 3.5
The correct answer is $4,271.48.
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